April 1 2020, was meant to be the date that HMRC launched phase II of making Tax Digital across the UK. However, due to COVID-19, they have made the decision to postpone the rollout by one year to April 1 2021.
The Portuguese Tax & Customs Authority (PTA) have announced the buying or selling cryptocurrency in Portugal is a tax-free transaction.
Despite daily updates from HMRC, a year and a half ‘phase-in’ period and a significant number of TV adverts promoting Making Tax Digital (MTD) compliant software, one in ten business have missed the MTD deadline and therefore filed non-compliantly.
The French Senate and the National Assembly have approved legislation which now means companies are liable for a 3% digital services tax when their digital revenue exceeds €750 million ($850m; £670m) worldwide and more than €25 million being generated through French revenue.
The technology giant is never far from the headlines, albeit good and bad. After surviving several scares in the UK; being ‘banned’ from operating in London and mass black-cab protests to name a few, but this weeks news maybe it’s most damaging.
Since 2015, businesses who have made B2C supplies of broadcasting, telecommunications and e-services (“BTE”) to EU based consumers have been required to charge VAT according to the member state where the supply is made.